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The growing use of big data has made enterprise software an inherent part of the current work culture. According to a ReportLinker survey, the global enterprise software market is expected to grow at a 6.4% CAGR to $79.70 billion by 2026. However, with cut-throat competition, not all enterprise software stocks are good bets now.
So, we think it could be wise to scoop up the shares of quality enterprise software companies Oracle Corporation (NYSE:ORCL) and Workday, Inc. (WDAY). But Bill.com Holdings, Inc. (NYSE:BILL) and Fastly, Inc. (FSLY) look significantly overvalued at their current price levels, so they are best avoided now.
